Posera-HDX Announces Financial Results for the Third Quarter of 2012

TORONTO, Nov. 14, 2012 /CNW/ - Posera-HDX Ltd. ("Posera-HDX") (the
Company) announced today its financial results for the three and
nine-months ended September 30th, 2012. Posera-HDX is listed on the TSX under the symbol "HDX".

Paul Howell, Chief Executive Officer, reports:

While fourth quarter business activity has improved drastically, the
third quarter of 2012 was a difficult period. There were fewer new
restaurants opened because of the worldwide economy. There were also
fewer restaurant renovations and technology refreshes. The lack of
available third party lease funding for clients resulted in fewer
restaurants being approved for technology financing, the reseller
community experienced lower than expected software sales and a major
vendor to Posera-HDX had significant inventory availability issues.
These factors have resulted in slower than expected sales activity in
the third quarter of 2012. Sales and service revenues for the
three-months ended September 30, 2012 were $4,032,574 representing a
decrease of 11.2% from $4,541,336 from the three-months ended September
30, 2011.

Excluding the Company's investment in the payment processing division,
one-time expenses and non-cash costs associated with the amortization
of acquired intangible assets, property plant and equipment and
stock-based compensation, the Company would have recognized normalized
EBITDA profit of $140,401 for the three-months ended September 30,
2012.

The Company experienced a normalized EBITDA loss of ($32,206) for the
three-months ended September 30, 2012 of which, $172,607 is due to the
ongoing expenses related to the Company's investment strategy for our
payment processing division. Additionally, the Company incurred
$107,964 of one-time expenditures during the three-months ended
September 30, 2012.

Company-wide non-cash amortization of intangible assets and property
plant and equipment was $365,470 and stock-based compensation was
$87,239, for the three-months ended September 30, 2012. HDX Payment
Processing Ltd. ("HDXPP") (the acquired Cash N Go Ltd. payments
processing division) experienced a loss of $194,551 and Posera-HDX
Scheduler Inc. (the acquired assets of 2020 Hyperscheduler /
Hypervison) experienced a loss of $38,959. The Company expects to
continue to make significant investments in these divisions into the
foreseeable future and will strive to increase revenue for these
divisions and products as quickly as possible.

Posera-HDX Ltd. continues to invest and focus on developing significant
new revenue opportunities that are complimentary to the Company's
current operational foundation and synergistic with the Company's
intellectual property assets. New software as a service ("SaaS")
products and business modules with recurring revenue are under
construction. This will allow the Company to deliver an enhanced range
of services to the Company's current client base and will bolster the
Company's ability to attract new customers.

Following the acquisition of HDXPP in December 2011, and following the
announcement on June 14th, 2012 that the Company has been approved for membership to the Interac
Association as an Indirect Connector to perform the functions of an
Acquirer in the Shared Cash Dispensing ("SCD") Service, Posera-HDX
continues to make significant investments to enhance systems,
facilities, and operating procedures in order to secure the necessary
approvals to operate a payment processing switch and an ATM transaction
processing switch. Through HDXPP, Posera - HDX owns and operates a
Postillion payment switch developed by S1 Corporation. In addition, to
the provision of SCD services, Posera-HDX plans to expand the payment
switch to facilitate the processing of Point-of-Sale transactions for
its merchant client base. HDXPP has retained team members and
contractors with the appropriate industry expertise to allow the
Company to further develop the payment processing division with an eye
toward monetizing the Company's investment in this division as quickly
as possible. To take advantage of the convergence in retail
technologies currently underway, the Company continues to pursue merger
and acquisition opportunities with complimentary organizations although
none are specifically named at this time.

Net loss for the three-months ended September 30, 2012 was a loss of
$679,992, an increase of $459,356 from a loss of $220,636 for the
three-months ended September 30, 2011, and an increase of $238,966 from
a loss of $441,026 for the three-months ended June 30, 2012;

EBITDA for the three-months ended September 30, 2012, was ($227,409), a
decrease of $372,926 from $145,517 for the three-months ended September
30, 2011, and a decrease of $93,166 from ($134,243) for the
three-months ended June 30, 2012;

Normalized EBITDA for the three-months ended September 30, 2012 was
($32,206), a decrease of $416,620 from $384,414 for the three-months
ended September 30, 2011, and a decrease of $32,963 from $757 for the
three-months ended June 30, 2012;

Total revenue was $4,032,574 for the three-months ended September 30,
2012, down $508,762 (11.2%) from $4,541,336 for the three-months ended
September 30, 2011 and down $213,386 (5.0%) from $4,245,960 for the
three-months ended June 30, 2012;

Gross profit was $1,503,360 for the three-months ended September 30,
2012, down $409,992 (21.4%) from $1,913,352 for the three-months ended
September 30, 2011, and down $50,558 (3.3%) from $1,553,918 for the
three-months ended June 30, 2012;

Operating expenses were $2,096,239 for the three-months ended September
30, 2012, up $10,540 (0.5%) from $2,085,699 for the three-months ended
September 30, 2011, and up $38,234 (1.9%) from $2,058,005 for the
three-months ended June 30, 2012;

Included in cost of sales and operating expenses for the three-months
ended September 30, 2012, September 30, 2011 and June 30, 2012 were
certain one-time non-recurring expenditures and non-cash stock-based
compensation expense (recovery) totaling $195,203, $238,897 and
$135,000 respectively as referenced on pages 18-19 of this MD&A;

Posera-HDX's cash and cash equivalents totaled $671,341 as at September
30, 2012, an increase of $237,482 (54.7%) from $433,859 as at September
30, 2011, and a decrease of $780,861 (53.8%) from $1,452,212 as at June
30, 2012. Bank indebtedness was $236,060 as at September 30, 2012, an
increase of $43,510 (22.6%) compared to $192,550 as at September 30,
2011, and an increase of $401 (0.2%) compared to $235,659 as at June
30, 2012; and

Posera-HDX's working capital totaled $1,506,701 as at September 30,
2012, an increase of $302,680 (25.1%) from $1,204,021 as at September
30, 2011, and a decrease of $503,848 (25.1%) from $2,010,549 as at June
30, 2012.

About Posera-HDX Limited (the "Company)

The Company is in the business of managing merchant transactions with
consumers and facilitating payment. The Company develops and deploys
touch screen POS system software and associated enterprise management
tools and has developed and deployed numerous POS applications.
Posera-HDX also provides system hardware integration services, merchant
staff training, system installation services, and post-sale software
and hardware support services.

The Company's leading edge technology also includes prepaid stored value
payments solutions, customer self-serve kiosks and "line buster" mobile
point of sale terminals. These products have been designed to
dramatically enhance customer throughput and drastically reduce
customer queues. These technologies are especially effective in high
foot traffic environments that have limited cash register counter
space, limited retail square footage, and the absence of a drive
through.

Through its corporate offices in Toronto, London, Brantford, Seattle
Washington, Montreal, Paris, Singapore, and Glasgow, Posera-HDX has a
direct sales and service team.

The company has also built a network of approximately 112 value added
resale partner companies in 25 countries. There are approximately 1,100
representatives selling, supporting & installing the Posera-HDX Maitre
'D software worldwide and the solution has been deployed in over 20,000
locations in eight different languages around the world.

This discussion includes certain forward-looking statements that are
based upon current expectations, which involve risks and uncertainties
associated with our business and the environment in which the business
operates. Any statements contained herein that are not statements of
historical facts may be deemed to be forward-looking, including those
identified by the expressions "anticipate", "believe", "plan",
"estimate", "expect", "intend", and similar expressions to the extent
they relate to the Company or its management. The forward-looking
statements are not historical facts, but reflect the Company's current
expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results or events to differ materially from current
expectations, including the matters discussed under "Risks and
Uncertainties" in the Annual Information Form of Posera - HDX Inc.
filed on March 29th, 2012 with the regulatory authorities. Posera-HDX assumes no
obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those reflected in the
forward-looking statements.